TSMC's Q2 Employee Bonuses Jump Over 50% Following Record Earnings

Taiwan Semiconductor Manufacturing Co. (TSMC) distributed second-quarter employee bonuses. These bonuses increased more than 50% year-over-year. The total for the April-June period reached NT$36 billion (US$1.14 billion).

This growth in compensation follows record earnings for the world's largest contract chipmaker. TSMC reported a net profit of NT$706.56 billion for the second quarter. Net profit increased 77.4% from the previous year. Strong global demand for high-performance computing, AI, and consumer electronics drove this increase.

The company aims to retain talent in the competitive semiconductor industry.